The Economic Effects of Slum Clearance and Urban Renewal in the United States
AbstractThe Housing Act of 1949 established a federally subsidized program that helped cities clear areas of existing buildings for redevelopment, rehabilitate deteriorating structures, complete comprehensive city plans, and enforce building codes. The program ended in 1974, but not before financing over 2,100 urban renewal projects and generating great controversy. We use an instrumental variable strategy to estimate the programï¿½s effects on city-level outcomes. The estimates are generally positive and economically significant and are not driven by differential changes in citiesï¿½ demographic composition. We caution that the results do not imply that the program was an equitable or optimal approach to dealing with central-city problems.
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Bibliographic InfoPaper provided by Vanderbilt University Department of Economics in its series Vanderbilt University Department of Economics Working Papers with number 1013.
Date of creation: Oct 2010
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City growth; Redevelopment; Residential Segregation; Eminent Domain;
Find related papers by JEL classification:
- N92 - Economic History - - Regional and Urban History - - - U.S.; Canada: 1913-
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
- J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-27 (All new papers)
- NEP-GEO-2010-11-27 (Economic Geography)
- NEP-URE-2010-11-27 (Urban & Real Estate Economics)
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